HY Options Scam Test 2016

HY Options Scam Test 2016

HY Options is a part of the 2014 wave of new binary options brokers to appear on the market and during these two years they have managed to attract a lot of traders who seem to be very happy with the quality of service they are getting here. However, many other traders seem a bit reluctant to open an account with a relatively inexperienced broker, so we decided to take a detailed look at this broker’s security. HY Options Scam Test 2016 will show you exactly how well you and your money are protected while you’re trading on this website. This is all firsthand information because our experienced staff was tasked with opening their accounts here and testing everything thoroughly. Read on!

HY Options Scam Test 2016 | Money transfers

We will start our HY Options Scam Test 2016 by taking a look at the transfer methods offered by this broker. HY Options Minimum Deposit can be made by credit cards (Visa and MasterCard) or a bank wire transfer, while the HY Options Withdrawal policy is to transfer your money back to you to the original source used to fund your account. If this is not possible, your money will be delivered to your identified bank account, all in accordance with the highest safety standards in this industry. You never have to worry about your personal and financial data because this broker uses a 128-bit SSL encryption system to encode all your information in such a way that only your account can decipher it correctly. You can therefore be absolutely certain that your money will be safe here. There is also another reason for this claim, but we will analyze it in the next part of HY Options Scam Test 2016.

HY Options Withdrawal Page

HY Options Scam Test 2016 | Account security

You see, this broker is also a member of the Investor Compensation Fund (ICF), meaning that every trader who opens an account with them will receive up to 20,000 euro should this broker suddenly become unable to continue with its business (although we believe this to be quite impossible in the foreseeable future). HY Options is required by law to have enough capital to cover all client deposits and all company expenses, so there really isn’t anything to worry about. In addition, all funds are held in segregated accounts and can never be used to settle the company’s debts should it ever suffer a default. HY Options also has bank accounts with various banks across the European Union and it has passed all their security checks. So far, things are looking pretty good, but let’s continue with HY Options Scam Test 2016, shall we?

HY Options Licence

HY Options Scam Test 2016 | Fully regulated

The fact that is most important to mention in this article is the fact that this broker is regulated by CySEC. Its license number is 259/14, but don’t let the name HYCM (Europe) Ltd fool you because this is how HY Options is also known in the financial circles. This license means that HY Options is allowed to operate in all EU MiFID countries, provided that it fulfills the regulator’s requirements. These include protecting traders’ interests in accordance with CySEC’s rules and policies, sending financial reports to CySEC every three months and passing a yearly audit by an independent auditor who then sends the report back to CySEC. BDO Ltd is responsible for these audits in this case, and since this company is a part of BDO international, one of the largest accountancy networks in the world, you can be sure that the results of every audit are 100% reliable. To conclude this part of HY Options Scam Test 2016, we can safely say that this broker is very careful when it comes to all relevant legal requirements and with them you can be sure that you’ll have all the legal protection you need.

HY Options Scam Test 2016 | Trading platform

One other thing we must mention in this HY Options Scam Test 2016 is the broker’s trading platform, as this is where all the trading action happens. When we tell you that it’s based on SpotOption software, you should immediately realize that this platform is of the highest caliber. Loads of different trading possibilities are provided by numerous assets, several different trading modes and there are even a few very interesting features such as Roll Over, Double Up and Settle Now. The prices are perfectly accurate and we never experienced any issues while trading here. The broker is fully aware of all advantages this software has and utilizes them perfectly. You are most definitely in for a great experience here, and if you want to see what else this broker has to offer, check out our detailed HY Options Review 2016.

HY Options Trading Platform

HY Options Scam Test 2016 | Customer support

One more thing we have to discuss before we wrap HY Options Scam Test 2016 up is the issue of this broker’s customer support. You can always tell how reliable your broker is by the quality of their support and this one is no exception. People working as support here are exceptionally knowledgeable and will help you with all aspects of your trading experience here. In short, you can ask them absolutely anything – from HY Options Bonus to everything you want to know about the available account types. You will get a detailed, but easy-to-understand answer every single time. Customer support fits everything we’ve discussed about HY Options’ security so far and is the final proof we need to recommend this broker wholeheartedly to you.

HY Options Scam Test 2016 | Conclusion

At the end of HY Options Scam Test 2016, we can only state that we are very pleasantly surprised with the level of security here, especially since this is a relatively new broker. The company is fully regulated, adheres to all necessary rules and regulations, has a great platform powered by very reliable software, and on top of all that takes great care of its clients. So if you want a reliable broker to watch your back, all you have to do is open an account with HY Option and you’ll be all set for some serious trading.

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